 | United States. Interstate Commerce Commission - 1888 - 424 страници
...of the total, 48.60 per cent. is assignable to stock and 48.52per cent. to funded debt, leaving 2.88 per cent. in the form of current liabilities. The...nature of each form of property is held in mind. In the inception of this business stock represented the ownership of the original projectors of the enterprise.... | |
 | United States. Department of the Interior - 1888 - 1108 страници
...the total, 48.60 per cent, is assignable to stock and 48.52 per cent, to funded debt, leaving 2.88 per cent, in the form of current liabilities. The significance of the tacts thus disclosed will be readily seen if the peculiar nature of. each form of property is held... | |
 | Walter Loring Webb - 1908 - 864 страници
...deficiencies between the proceeds of the sale of the bonds and the capital needed for construction. "In theory, stocks represent the property of the responsible owners of the road, and bonds are an encumbrance on that property. According to this theory, a railroad enterprise should begin with an... | |
 | Walter Loring Webb - 1917 - 946 страници
...deficiencies between the proceeds of the sale of the bonds and the capital needed for construction. "In theory, stocks represent the property of the responsible owners of the road, and bonds are an encumbrance on that property. According to this theory, a railroad enterprise should begin with an... | |
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... leaving 4.87 per cent, in the form of current liabilities. The significance of the facts thus disclosed will be readily seen if the peculiar nature of each form of property is held in mind. In theory stocks represent the property of the responsible... 